AMI aurelia metals limited

Good posts Croc and Oddle. I'm a long term holder being in for...

  1. 1,273 Posts.
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    Good posts Croc and Oddle. I'm a long term holder being in for over a decade. I gave positive comments when I believed we were making good decisions. The Peak purchase being one such decision as I could see the gold grades in the likes of chronos, and the continued minerals at depth at Kairos. It was clearly going to pay for itself. However, the 'sprung' decision on Dragues raised alarm bells immediately for me, not the least being the average gold grade and the LOM which meant, as I rightly said at the time, we have paid a stack and taken all the risk. The serious dilution of shares that accompanied its purchase was frightening at the time because we had an outstanding amount of cash, were paying a dividend, had already discovered Federation and were advancing Great Cobar. I saw the Dragues purchase as a backdoor way of allowing others cheap entry to our best assets. It doesn't matter how much the S.P. recovers in the future due to these assets, the reality is, long term holders like myself will never gain the full extent of what could have been without Dragues. Another bad decision was the cliched 'sweat the assets'. Again as I've posted, that leads to one thing, breakdowns. Sure enough that's just what has happened. Try driving your car with the accelerator pressed to the floor 24/7 and see how long you keep going. However reasonable throughput with built in maintenance schedules, and inspections of critical infrastructure would make for a decent steady state production. Who won, the hare or the tortoise? At the moment our money has been on the hare.
 
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Last
20.5¢
Change
0.000(0.00%)
Mkt cap ! $346.9M
Open High Low Value Volume
20.5¢ 21.5¢ 19.5¢ $4.450M 21.96M

Buyers (Bids)

No. Vol. Price($)
10 307936 20.0¢
 

Sellers (Offers)

Price($) Vol. No.
20.5¢ 337712 4
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Last trade - 16.11pm 23/06/2025 (20 minute delay) ?
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